Table 4 Specified conditional β-convergence energy productivity
|
β |
Energy |
Investment share |
Open |
Balassa |
Value |
R 2 |
F-stat |
Implied λ | |
|
Agriculture |
- 0.1995* |
0.0394 |
- 1.0158 |
- 2.2995 |
0.15 |
1.10 |
0.0445 | ||
|
(0.1136) |
(0.7225) |
(0.8969) |
(2.1086) | ||||||
|
Services |
- 0.2296 |
- 0.0147 |
0.0714 |
0.3858 |
0.45 |
2.25 |
0.0522 | ||
|
(0.1791) |
(0.5612) |
(0.918) |
(0.9388) | ||||||
|
Transport |
- 0.2350*** |
0.1168 |
0.7991** |
4.1693** |
0.46 |
3.87 |
0.0536 | ||
|
(0.0655) |
(0.1439) |
(0.3266) |
(1.6905) | ||||||
|
Chemicals |
- 0.0820 |
1.3526** |
0.9093 |
- 0.0427 |
0.1631 |
- 4.8405 |
0.28 |
1.39 |
0.0171 |
|
(0.0819) |
(0.5008) |
(1.2271) |
(0.0335) |
(0.1661) |
(8.5819) | ||||
|
Food |
- 0.1211 |
0.2130 |
- 0.5277 |
- 0.0432 |
0.0113 |
5.5691 |
0.35 |
1.79 |
0.0258 |
|
(0.0745) |
(0.4951) |
(0.9092) |
(0.0363) |
(0.0308) |
(3.829) | ||||
|
Iron and Steel |
- 0.3377** |
1.9263** |
- 0.8636 |
- 0.0251 |
0.0068 |
- 9.5859 |
0.44 |
2.79 |
0.0824 |
|
(0.1252) |
(0.7689) |
(0.7094) |
(0.0184) |
(0.1095) |
(10.7085) | ||||
|
Machinery |
- 0.2042*** |
0.4170 |
0.7337 |
0.0131 |
- 0.1112 |
2.3311 |
0.43 |
2.48 |
0.0457 |
|
(0.0684) |
(0.4823) |
(1.7063) |
(0.0345) |
(0.1997) |
(1.6439) | ||||
|
Transport Equipment |
- 0.2855 |
- 0.1642 |
0.4689 |
0.0011 |
0.2225 |
- 8.1921 |
0.25 |
0.79 |
0.0672 |
|
(0.1888) |
(0.729) |
(1.6648) |
(0.0472) |
(0.2079) |
(13.7238) | ||||
|
Non-Ferrous Metals |
- 0.0844 |
0.3943 |
0.0573 |
- 0.0307 |
- 0.0943 |
- 0.4460 |
0.20 |
0.75 |
0.0176 |
|
(0.2229) |
(0.5285) |
(0.2724) |
(0.0208) |
(0.1549) |
(36.3853) | ||||
|
Non-Metallic Minerals |
- 0.4561*** |
1.8238 |
0.0505 |
- 0.0336 |
0.2064 |
- 36.2293* |
0.32 |
1.63 |
0.1218 |
|
(0.1611) |
(1.0916) |
(1.1821) |
(0.1062) |
(0.2016) |
(20.1039) | ||||
|
Paper |
- 0.1118* |
0.6632** |
- 0.8569 |
- 0.0740 |
- 0.0643 |
7.5805 |
0.47 |
2.76 |
0.0237 |
|
(0.0613) |
(0.3052) |
(0.8666) |
(0.0527) |
(0.0723) |
(6.1778) | ||||
|
Textiles |
- 0.3656* |
- 0.4195 |
0.3092 |
- 0.0497 |
0.2136 |
- 11.7071 |
0.29 |
1.29 |
0.0910 |
|
(0.2053) |
(0.783) |
(3.1265) |
(0.0368) |
(0.2621) |
(19.7875) | ||||
|
Wood |
- 0.4686 |
- 0.8418 |
- 2.7443 |
- 0.1293* |
0.0229 |
- 53.1902 |
0.51 |
1.23 |
0.1264 |
|
(0.3351) |
(0.5508) |
(2.2403) |
(0.0699) |
(0.0667) |
(34.2262) |
Standard errors in parentheses. Asterisks denote levels of significance: *** (1%), ** (5%), * (10%).
30
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